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Chapter 40B Application & Disclosure Forms Property Address: 15 Afro Terrace, Unit 17, West Boston Development: Afro Terrace Condominium Maximum Resale Price: $210,600. Deadline to Qualify for Lottery:
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Chapter 40B is a Massachusetts law that allows developers to create affordable housing projects by bypassing certain local zoning regulations.
Developers proposing a project that includes affordable housing under Chapter 40B are required to file for a comprehensive permit.
To fill out Chapter 40B, developers must submit a comprehensive permit application to the local zoning board, including site plans, project descriptions, and information about the affordable units.
The purpose of Chapter 40B is to promote the development of affordable housing in Massachusetts and to streamline the permitting process for such projects.
Developers must report project details, including the number of housing units, the percentage of affordable units, and compliance with local and state regulations when filing for Chapter 40B.
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